Welcome to EV's point and figures. This blog is dedicated to the use of point and figure charts in technical analysis.

Although P&F first appeared in charts in the 1930's, it is an often overlooked techique for analysing stocks and charts. A poor relation compared to line and bar charts and their range of momentum indicators. Yet few charts provide a clearer picture of the daily battle between bulls and bears for market control.

Like most methods, it should not be used in isolation. It should form part of an analysts 'tool box' and be used with other techniques to help form an overall view.

The charts that appear on this blog and any accompanying comments are purely for information purposes only - my own personal take on where the prices may be heading. They do not constitute investment advice.

Friday, December 31, 2010

FTSE 100: vertical drop at the close

A shortened trading session today with the market closing at 1230 GMT. All morning it drifted lower, then around midday started to recover and when i looked at 1210 it was down about 36 points. It then cratered in to the close, doubling the day's loss and closing down 71 points. Still not sure why, there was no 'news' to spark this late morning drop. HNY all!

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